Average yields fall on Egypt’s 5- and 10-year T-bonds
Jul31

Average yields fall on Egypt’s 5- and 10-year T-bonds

Average yields on Egypt’s five- and 10-year treasury bonds fell at auction on Monday, central bank data showed, amid an increased interest in Egyptian debt among foreign investors. The average yield on the five-year bonds fell to 17.800 percent from 18.934 percent at the last similar auction on July 17. The yield on the ten-year bonds fell to 17.798 percent from 18.669 percent.   Demand for Egypt’s domestic debt has...

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Algeria vows not to resort to foreign debt despite oil prices plunge
Jul31

Algeria vows not to resort to foreign debt despite oil prices plunge

Algeria vowed Sunday not to resort to external debt under any circumstances, despite the sharp decline in the country’s oil revenue since the collapse of oil prices in 2014. Algerian Prime Minister Abdelmadjid Tebboune made the remarks at a tripartite meeting between the government, the General Union of Algerian Workers, and the Employers Forum, the largest Algerian business organization in the North African nation....

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Morocco’s Economic Growth to Reach 4.8% in 2017
Jul29

Morocco’s Economic Growth to Reach 4.8% in 2017

Moroccan economic growth will reach 4.8 percent in 2017, said Minister of Economy and Finance, Mohamed Boussaid, echoing the findings that the International Monetary Fund presented to the head of government on July 10. After an estimated 3.8 percent growth rate forecasted by the High Commission for Planning during the first quarter of 2017, Boussaid has revised Morocco’s economic growth upward to 4.8 percent for 2017, during his...

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Chinese fishing firm courts Mauritania with skills-for-access deals
Jul26

Chinese fishing firm courts Mauritania with skills-for-access deals

By Gao Fu Mao A leading Chinese international fishing company is promising to upskill the fishing industry in Mauritania in return for fishing access in its exclusive economic zone.   Meeting with officials from Mauritanian fisheries officials at a “long-distance fishing technology forum” in the southeastern Chinese city of Fuzhou recently, Lan Ping Yong, the head of Hong Dong Fishing Co., said his company wants to expand its...

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King Mohammed VI, Ivorian Pres. Chair Ceremony on Côte d’Ivoire-Morocco Economic Impetus Group’s Work
Feb27

King Mohammed VI, Ivorian Pres. Chair Ceremony on Côte d’Ivoire-Morocco Economic Impetus Group’s Work

The King Mohammed VI and president of the Republic of Côte d’Ivoire Alassane Dramane Ouattara chaired, on Monday at the presidential palace in Abidjan, a ceremony to present the work by the Côte d’Ivoire-Morocco Economic Impetus Group. At the beginning of the ceremony, chairwoman of Moroccan employers’ association CGEM Miriem Bensalah Chaqroun gave a speech before the sovereign and president Ouattara, in her capacity...

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Tunisia parliament adopts anti-graft law
Feb22

Tunisia parliament adopts anti-graft law

Tunisia’s parliament on Wednesday approved a law to fight widespread corruption that has plagued the North African country’s economy since the 2011 revolution. One hundred and forty-five lawmakers out of 217 voted to pass the 36-article law, which criminalises any retribution against whistleblowers including any disciplinary measures against civil servants. “Strong legislation like this helps fight corruption,”...

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